House Bill No. introduced by L. Schubert aims to prohibit the ownership of real property in Montana by certain non-resident aliens and foreign entities. Specifically, the bill states that an alien who is not a resident of Montana or a foreign entity cannot own real property within the state. If such ownership occurs, the alien or foreign entity must divest their interest in the property within six months. If they fail to do so, the property may be sold at public auction by the county sheriff. The enforcement of this provision will be the responsibility of the Attorney General or the county attorney where the property is located.

Additionally, the bill includes provisions for codification, stating that the new section will be integrated into Title 70, chapter 1, part 1 of the Montana Code. It establishes an effective date of January 1, 2026, and specifies that the act will apply to properties purchased on or after this date. Definitions for key terms such as "alien," "foreign entity," "real property," and "resident" are also provided to clarify the scope of the legislation.